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Title: DOGE Founder Reacts to Bitcoin, Dogecoin and Ethereum Sell-off
The recent sell-off in the cryptocurrency market has sent shockwaves through the industry. Amidst the chaos, the founder of Dogecoin (DOGE), Jackson Palmer, has taken to social media to address the downturn.
As of today, DOGE’s price has plummeted by a staggering 20.49% to $0.289, marking a significant correction from its earlier gains. The cryptocurrency’s market dominance has soared by an astonishing 24.19% to $119.02 billion. However, this remarkable surge in volume does not translate to a parallel gain for the asset itself.
Meanwhile, Bitcoin (BTC) continues to reposition itself after a severe sell-off yesterday, recording a decline of 12.33% to $3,230.49. Despite these losses, Ethereum’s price has shown resilience, experiencing a more modest drop of 10.41% to $1,240.00.
When questioned about the current state of the market and DOGE’s position within it, Mr. Palmer emphasized that the volatility is not unusual for our industry. “We have seen tremendous growth over recent months, but we must acknowledge that this correction was inevitable,” he stated in a tweet.
It seems that DOGE’s significant surge in volume might be signaling a turning point for investors who are positioning themselves for future market rebounds.
Source: u.today
